Melissa Koide: All Publications, Events and Press

US FDIC Officials Push To Expand Small-Dollar Loan Program | Dow Jones

Erin Drankoski — Tue, 27 Oct 2009 14:29:00 -0400

Frank: Zero Odds of Single Regulator | American Banker

Erin Drankoski — Mon, 26 Oct 2009 15:11:00 -0400

New America's event is discussed in American Banker: "There is no remote chance of it happening," Frank told reporters after remarks at a conference on underbanked consumers held in the Capitol. ... Original Article

US Treasury Eyes Support for Community Loan Funds | Reuters

Erin Drankoski — Fri, 23 Oct 2009 15:55:00 -0400

New America's event is discussed in Reuters: "This is not an easy hurdle. But we are interested in looking and exploring whether, particularly on the liquidity side, there are things we can do," Sperling told a conference on banking services for low-income communities. ... Original Article

Treasury Adviser: Small Institutions Should Back Consumer Agency | Dow Jones

Erin Drankoski — Fri, 23 Oct 2009 15:14:00 -0400

New America's event is discussed in Dow Jones Newswire: "The voices of those who represent the largest financial interests have not been shy and those who advocate for the smallest financial interests need to be just as non-shy," said Sperling, counselor to Treasury Secretary Timothy Geithner, at a Friday conference on the under-banked population. ...

Frank: No Reasonable Chance of Consolidated Bank Regulator | MarketWatch

Erin Drankoski — Fri, 23 Oct 2009 15:05:00 -0400

A New America event is discussed in MarketWatch: Frank made the comments after speaking to a symposium about new credit options for low and moderate income consumers. ... Original Article

New, Safe and Affordable Credit Options for America's Underbanked

Kirsten Gilbert — Fri, 23 Oct 2009 10:30:00 -0400

A New America Event
10/23/2009 - 8:00am

On behalf of the Pew Charitable Trusts, New America Foundation, and the Center for Financial Services Innovation, it is our pleasure to invite you to attend a jointly sponsored symposium on new avenues to credit for consumers and small businesses. This event, set for October 23, 2009 at the Capitol, will focus on expanding access to small dollar loans for the underserved and on innovative models for building credit and financing domestic micro-enterprise. Leaders in Congress, the administration, and industry… more

Advocates Fight for 'Underbanked' | Marketplace

Cecille Isidro — Fri, 23 Oct 2009 07:47:00 -0400

Melissa Koide of the New America Foundation says the solution is to bring people living "off the credit grid" in, so they can borrow on reasonable terms in ...

Congress Is Riled Up | WIBW

Cecille Isidro — Wed, 07 Oct 2009 14:35:00 -0400

They clearly know something is coming," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's a very big populist ...

Overdraft Fees | CNN Money

Cecille Isidro — Wed, 07 Oct 2009 07:01:00 -0400

"They clearly know something is coming," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's a very big populist ...

Underbanked Communities | Kojo Nmandi Show (WAMU)

Erin Drankoski — Mon, 28 Sep 2009 16:18:00 -0400

In Melissa Koide's interview, with the Kojo Nnamdi Show, Mrs. Koide talks about the factors contributing to the growth of "un-banked" communities and how they're related to our region's economic health. ... Original Audio

Banks Win Round 1 in Consumer Fight | CNN Money

Erin Drankoski — Wed, 23 Sep 2009 15:09:00 -0400

"'Plain vanilla' was just such a no-go for the industry, that was loud and clear," said Melissa Koide of the New America Foundation, a left-leaning Washington policy group. "It's disappointing it's coming out, because there was some middle ground on the issue."... Original Article

Shining a Light on “Shadow” Banking

Kirsten Gilbert — Fri, 18 Sep 2009 02:30:00 -0400

A New America Event
09/18/2009 - 9:30am

Over 100 million individuals in the U.S. are underbanked -- they can not access or choose not to use traditional bank accounts and financial services. Instead, they use alternative financial services, such as check cashing services, prepaid cards, small dollar loans, remittances, and other nonbank services to meet their everyday financial needs. These alternative financial services, which may or may not be more costly than those offered by a traditional bank, are often preferable for consumers who want convenient, transparent, and easily accessible financial options.

Underbanking | WNYC

Erin Drankoski — Thu, 17 Sep 2009 17:08:00 -0400

Overcoming Account Opening Impediments to the Bank Secrecy Act

Asset Building — Tue, 08 Sep 2009 04:33:00 -0400

There are 40 million persons living in the U.S. who lack a bank account. Many of these "unbanked" individuals lack sufficient identification necessary to meet banks' customer identification verification procedures, which are required by the Bank Secrecy (BSA) and USA PATRIOT Acts. Research shows that insufficient identification is one of the top three reasons for account denial and that customers who are denied a bank account once often do not return to a bank again.

The Passageway Account Proposal

Economic Inclusion – Consumer Product Updates

Asset Building — Fri, 28 Aug 2009 07:47:00 -0400

Two of the three essential elements that comprise good financial services policy are robust consumer protections and effective safety and soundness laws. The third component is policy that supports consumers' access to reasonably priced financial services. This presentation, given at the 2009 FDIC Interagency Conference on Economic Inclusion, explores the necessary balance that must be struck to among the three elements to craft effective financial services policy, and it describes two federal policy proposals to provide underserved consumers with access to financial

Overcoming Account Opening Impediments to the Bank Secrecy Act

Erin Drankoski — Tue, 18 Aug 2009 11:30:00 -0400

A New America Event
08/18/2009 - 8:30am

The New America Foundation and Appleseed hosted a timely roundtable discussion on a proposed policy aimed at clearing the path for opening basic bank accounts for immigrants and those who are new to the financial system. Participants included counsel and compliance officers of banks, prepaid firms and financial institution processors, representatives of nonprofits serving immigrant families, delegates from the Mexican Embassy and public policy experts.

Financial Services Corps

Asset Building — Wed, 29 Jul 2009 06:47:00 -0400

Today’s complex financial marketplace makes it increasingly difficult to understand and navigate the array of products and services available from a variety of providers. Low- and moderate-income families, who have fewer financial resources to begin with, are most vulnerable to falling into financial distress. A solid grounding in personal finance and a clear understanding of the available options when making financial decisions are critical.

Summary of the Administration’s Proposed Consumer Financial Protection Agency

Asset Building — Wed, 24 Jun 2009 06:15:00 -0400

The Obama Administration has proposed the creation of a new, independent federal agency, the Consumer Financial Protection Agency, to ensure consumers have the information they need to make wise financial decisions; are protected from abuse, discrimination, and unfair and deceptive practices; have access to financial services; and ensure the financial services market operates fairly and efficiently.

Click here for an overview of the proposed Consumer Financial Protection Agency.

Treasury Department Considers SAFE-T Proposal

Communications — Tue, 23 Jun 2009 11:53:00 -0400

Washington, D.C.—The U.S. Treasury Department is considering a policy to create an opt-out account, into which federal income tax refunds would be direct deposited. In an interview for an article today in the Wall Street Journal, Michael Barr, Assistant Secretary for the Treasury Department described the proposal, which was developed by Melissa Koide at the New America Foundation to increase access to banking services and jumpstart savings

New directions, New Federal Agencies | Federal News Radio

Cecille Isidro — Mon, 22 Jun 2009 11:04:00 -0400

The president has proposed setting up a consumer financial protection agency to protect you from bad lending practices. But how will this change the federal landscape? Melissa Koide is Deputy Director of the Asset Building Program at the New America Foundation. She joins us with her take on what this new agency would do. Link to audio